I-MAB-SPONSORED ADR (IMAB) Stock Technical Analysis
NASDAQ:IMAB - Nasdaq - US44975P1030 - ADR - Currency: USD
Taking everything into account, IMAB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMAB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
IMAB is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 551 stocks in the same industry.
A new 52 week high is currently being made by IMAB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month IMAB has a been trading in the 1.65 - 4.18 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
IMAB has an average volume of 1919640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, IMAB did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IMAB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.78
3.55
When analyzing the support we notice one important area.
- Support @1.80 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IMAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMAB is up. |
| ChartMill Relative Strength | 99.13 | POSITIVE | IMAB has a high relative strength, it outperformed 99.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.73 | OVERBOUGHT | The high RSI value suggests IMAB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests IMAB has a positive trend. |
| Stochastics (14,3) | 84.97 | OVERBOUGHT | The high Stochastics value suggests IMAB may be overbought. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for IMAB suggests high volalility. |
| Average Directional Index/ADX (14) | 31.21 | POSITIVE | The high ADX value value for IMAB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.51
-0.23 (-6.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.15%
1 Week74.63%
2 Weeks65.57%
1 Month71.22%
3 Month298.86%
6 Month258.09%
12 Month231.13%
2 Year84.74%
3 Year-42.74%
5 Year-91.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%9%
ATR Inc139.52%
Range Today0.75
ADR(20)0.29
ADR(20)%8.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.13
Mansfield15.41
10 Day High4.18
10 Day Low1.65
20 Day High4.18
20 Day Low1.65
52 Week High4.18
52 Week Low0.6
CS1 End1.8
CR1 StartN/A
Volume & EV
DER(3)3.51%
DER(5)2.87%
Volume3.87M
Volume Incr3458.46%
Vol(5)12.36M
Vol(50)1.92M